Consider the events of the past week in the cryptocurrency world. BTC was testing the USD 50K mark once more, and an abnormally big volume of bitcoin calls to puts across options exchanges pointed at heightened bullishness on the cryptocurrency, while Twitter began beta testing a Bitcoin Lightning Network tipping service using the Lightning Network. Coinbase has promised to restore the “confidence” of consumers who were frightened by a gaffe in which the company sent “about 125,000” users “erroneous warnings” regarding changes to the security settings and the FTX token. After the United States decided to acquire Ledger Holdings Inc., FTT reached a new all-time high. Several Japanese IT companies, including Rakuten, Line, and Coincheck, are working on new NFT and blockchain projects, while the Doge meme NFT is already being sold in fractions. Cream Finance was the victim of a USD 25 million fraud at the same time as all of this was happening.
With only a few days left until Bitcoin (BTC) becomes legal tender in El Salvador, opposition to crypto adoption is still strong. However, the country’s parliament recently approved a bill to establish a USD 150 million adoption fund, despite a survey finding that the majority of the country opposes BTC adoption legislation. And, in the meantime, the Bureau of International Settlements (BIS) plans to expand its CBDC pilot program as part of a cross-border initiative. The Biden administration is urging Democrats to include more rules on tax compliance for cryptocurrency transactions in the USD 3.5 trillion budget reconciliation package. Meanwhile, the SEC Chairman stated that DeFi is not a new concept and that it is not decentralized, and that while crypto businesses are seeking access to the Federal Reserve’s payments systems, banks will have none of it. Speaking of the SEC, it intends to pursue legal action against BitConnect’s accused masterminds for selling false and unregistered securities in the future. An auditor cautioned that Mexicans must pay tax on bitcoin and altcoin trading gains or risk being designated as money-laundering offenders by the Canada Revenue Agency.
In an interview, Vitalik Buterin stated that his biggest nontechnical Ethereum-related regret is ‘the whole 8 cofounders thing,’ despite the fact that children as young as nine and fourteen years old are earning thousands of dollars mining cryptocurrency, and a 12-year-old earned more than USD 400,000 through non-traditional tokens.
And now, as a special treat, I have something for you. The jokes, the jokes!
Heeey, CT! All good?
Let’s check how the crypto markets are doing in general.
just setting up my twttr
— jack⚡️ (@jack)
Bitcoin’s been testing that 50K again, huh?
Speaks for itself, this one.
‘Hey, hey. Just imagine. Do some quick math…’
paying $125 in fees to poop because there’s a gas war among the people trying to mint ‘Waifu Catz’. https://t.co/NF3640X7dU
— Rachel (@tolstoybb)
And this is the complex mechanism behind the poop fee.
Indeed. Confirmed by a number of experts.
Hmmmm. Not sure. Looks like it’s surmounted by a malleable logarithmic casing in such a way that the two main spurv… https://t.co/JHgEsslS7q
— Ryan 🐎 Cantering Clark (@CanteringClark)
For the newcomers – first, welcome – and second, here’s a visual representation of what to avoid and why.
M&As are at least middle school stuff, kid!
No M&A until after 7th grade
— Gabby Dizon (@gabusch)
Mum, just get out, I’m minting!!
On the traditional parenting side of things:
18-year-olds: “Can I learn how to invest in crypto?”
— Layah Heilpern: Undressing Bitcoin coming soon! 📕 (@LayahHeilpern)
No worries, it’s never too late to buy an invisible frog pic…or rent an apartment…or rent a broom and a dog… Anyways, never too late.
@udiWertheimer Please can you clarify if it’s the apartment or the dog that you rent for $2,200 a month
— BitMEX Research (@BitMEXResearch)
They had a room for at least one more at the front there. Amateurs.
How it feels to buy incredibly overpriced jpgs just because they are on a blockchain https://t.co/cM6kgbXPyU
— NFTeddy (@TeddyCleps)
Tony does as Tony’s told.
Who’d be ready to play with this one?
still looking for a team to build schrödingers rug – a new DeFi protocol where u don’t know if you’ve been rugged b… https://t.co/bBYQN3NKo6
— Meltem Demir◎rs (@Melt_Dem)
Bls sir every like boosts chances of getting a full time offer $BTC $TSLA https://t.co/yerXObhNPK
— CMS Intern (@cmsintern)
Treasury: don’t worry, we’ll only target brokers
— Jake Chervinsky (@jchervinsky)
And finally, it’s your crypto educational documentary time (all actual footage).
— GégéLSMR (@gegelsmr2)